ebook - 10 ways to measure translation roi
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10 Ways to Measure Translation ROI… and Five Ways to Measure Translation Technology ROI
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Any ROI calculation depends on what matters most to your business and brand.
Does your organization currently place a high value on:
• Costs, the bottom line or annual revenue;
• Customer satisfaction or market share;
• Website traffic or social engagement; or
• Delivering on your product roadmap?
How do you measure the value of translation?
Most companies set business goals that focus on key metrics to
measure success. Tie your translation efforts to your business goals
and associated metrics in order to measure ROI. Of course, different
industry verticals, business objectives, and collective competencies
impact a given company’s choice of ROI metrics.
But when it comes to global expansion, the method of translation
used – and the level of commitment to localizing content and
consistently providing native brand experiences – has a major effect
on ROI of branded marketing efforts.
Read on to learn 10 ways brands can measure translation ROI, and five
ways to measure the added ROI from using a translation management
platform – and for each point, compare expansion without translation,
with manual translation, with machine translation and with the
preferred hybrid model.
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Any brand with a website is a global brand, and people anywhere can
research, interact with, promote or even damage the brand in its
home country. Native brand experiences require brands to respond
to each audience, by becoming fluent in any language, all cultures
and every market – making sure a legitimate show of interest is
reciprocated with a series of appropriate and respectful interactions.
To measure translation visibility, count page views, likes and shares
and you will have an idea of how many eyes are on you. But to
measure translation effectiveness, and ROI, determine how well your
content resonates with any and all eyes on your brand.
How many people are consuming your content and why?
All Eyes on You
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Brands attract attention and each type of attention can be captured
and reviewed using analytics. Relative to audience size, how does
traffic compare between markets and languages, for similar content
and campaigns?
Remember, marketing strategies vary from country to country and
language to language, so making your content locally accessible is
essential. Then, for example, understanding how a campaign did well
in 95 percent of markets, but failed to do well in the other five percent,
will offer valuable insight as to whether the content resonated, and if
not why not.
Ask yourself if there is something different, unique or special in the
tastes and sensitivities of those markets – test, fix and re-test any
issues on the next native brand experience, and feed learnings back
into the creation process.
Web analytics help you to navigate global markets, buyers and customers.
Traffic...Everywhere
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Resonate and your app will soon see increased downloads.
Downloads Matter
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In a world where first impressions of a brand are made – and
reader ‘bounce’ happens – in seconds, and where mobile download
restrictions limit most activity to click, scroll and read, an app
download is a major sign that your brand resonated with someone on
a personal level. In fact, simply having a localized app can boost your
app store ranking too.
Most users welcome an app download only once rationally or
emotionally comfortable with the relationship that they expect from
your brand. A localized website is only as good as the mobile app
asking for space on an already full smartphone screen. When your app
is downloaded, make sure it does not disappoint, or ruin the native
brand experiences and long-term relationships you work to create.
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Resonating with one person in one market is great, although it is
not going to secure an aspirational business’ expansion milestones
and objectives alone. But, if a brand resonates with one person in a
language or within a culture, it is likely they will do well with others.
More importantly – people talk and word of mouth still matters –
even in a digitally pivoted wold.
Consider that one person as your first; your golden ticket into the
market. Continue to resonate with each audience no matter how
small, and you will start to resonate with more people, until your
audience grows and your brand becomes established.
Remember to use the audiences you have already to gain feedback,
and even curate the relationship to encourage sharing and word of
mouth. This will help to improve future native brand experiences
you produce.
Friends and family talk, as do businesses ... and buyers.
Word of Mouth Matters More
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Audiences, Buyers, Customers
Whether your business operates B2B, B2C (or both), your
technology should help your brand to attract people, be that
by improving page load times to lower bounce rates, or simply
ensuring the timely and accurate delivery of native brand
experiences to appropriate audiences.
In the always-on digital environment of today, brands need to be
there when people look for the information they need, the products
they want, or the solutions to their most pressing problems. Once
familiarity and routine are established with an audience, lessons can
be learned and applied elsewhere.
The ABCs that will bring native brand experiences to life.
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Valuable Engagement
Buyer and customer persona that both accurately reflect who
your likely audiences are, and establish which visitor categories
are appropriate and suitable to engage with. This is determined by
your business and brand goals, and measured for each location and
every location.Attract, engage and resonate, to bring people closer.
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Engagement with the right audiences is valuable – if not essential – to growth. But unless that engagement resonates in a more personal and permanent way, growth is not assured.
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Resonate to SatisfyIt is useful to consider why resonating with audiences works...
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A reader who likes your article on Facebook was somewhat engaged.
But resonate with that reader – speak to who they are, in their
language – and they will love your article on Facebook, send it to
colleagues and friends with similar interests, who then arrange a
trip to your store, launch event or product demo as a group, ready to
evangelize your brand.
Why would the reader do all of this for a brand? Because that brand
has shown it cares, taken the time to invest in communicating in a
language that is often unfamiliar, but always worthwhile. Position
your brand to satisfy ‘their’ context, and people will take notice.
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Loyalty ReciprocatedResonating loyally builds long-term relationships.
8Actively engaging appropriate audiences is a privilege, and brands
need to understand this. Attracting new followers is great, but
keeping them is critical – having gathered them in, existing buyers
and customers are now your lowest hanging fruit.
You know you did something right in attracting them, or can work
this out using analytics. Now make them a recurring buyer or
customer whose loyalty is firmly with your brand. It could be that
the same things that attracted them to your brand still will, it may be
that you need to introduce new, fresh aspects to the native brand
experiences you provide.
Either way, loyalty is hard to earn and easy to take for granted – once
you have loyalty in a market, protect and respect it at every touchpoint.
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Capturing Market Share
Since 2012, about 200 million people each year log on to the internet
for the first time – averaging more than 500,000 people every day.
Out of more than 7 billion people in the world, more than 3 billion
people will be ‘online’ by 2016. To capture global market share, a
brand must make its digital assets available in as many languages
as possible, in real-time.
How much of your total addressable market can you reach?
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With the right technology, translation cycle times can be shortened, costs can be cut by 90 percent, and each individual market can receive the right message – this is the right strategy for global growth.
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Recurring Revenue Streams
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All brands want:
• All eyes on them,
• Traffic everywhere,
• Tons of downloads,
• Evangelists and followers,
• New audiences, buyers and customers,
• Totally engaged by great content,
• In a language they understand,
• On each and every visit -
• Now and always.
Perhaps the greatest obstacle to brands getting such attention is the
relationship between expenditure now and revenue later – return on
investment has to be higher, to warrant the initial outlay now. But
preparing native brand experiences for audiences in any language, all
cultures and every market promises to pay off, with recurring revenue
streams from around the world the ultimate reward.
How much of your total revenue already relies on translation?
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As mentioned, it is important
to compare expansion without
translation, with manual translation,
with machine translation and
with the preferred hybrid model
(human translators using a reliable
translation management platform).
For machine and hybrid translation
solutions, there are five business
benefits technology should afford
a brand:
5 Ways to Measure Technology Translation ROI
Translation by machine or using
the hybrid model is intended to
remove unnecessary and repetitive
manual processes. From a business
perspective this means delivering
products and services to any market
– faster than the competition.
Translation processes can distract
your employees from regular
workflows, especially your tech
and engineering teams. A good
translation management platform
allows teams to focus on building
the business.
Faster time-to-market.
Improved focus.
And Finally:
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5 Ways to Measure Technology Translation ROI (continued)And Finally:
Once you discover how achievable
offering a new language can be,
you will want to replicate this
and produce resonant content in
multiple languages and contexts of
markets you want to serve. The right
technology offers in-built scalability.
Using spreadsheets and email
as the backbone of translation
strategy slows companies down,
and provides plenty of opportunities
for error and miscommunication.
Technology removes problems and
improves efficiency.
Scalable and resonant.
Greater efficiency.
Translating by machine fails to
localize content or properly provide
native brand experiences. But a
reliable translation management
platform (with human translators)
ensures you control who sees what
content and avoid distributing
anything out of context.
Complete control. 4 53
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Learn More
Native brand experiences resonate with buyers and customers in any language, all cultures, and every market – and are essential to global success. Does your brand deliver? Access your FREE Global-Ready Success Kit and prepare for a new phase of global growth.
Ready to get started? Smartling can help you to develop a global content strategy that will propel you into new markets, fuel global growth, and increase your bottom line. Contact us today for a demo of the Smartling Global Fluency Platform so that your brand can be fluent everywhere.
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About Smartling
Smartling uses technology to transform the waycontent is created and consumed around the world.Smartling’s Global Fluency Platform helps brands toaccess new markets, more customers and greater value.
The Global Fluency Platform allows ambitiousbrands to achieve a more dominant global position.Smartling enables brands such as British Airways,InterContinental Hotels Group, Uber, AdRoll, Shinola,Spotify, Pinterest, Hasbro and SurveyMonkey toprovide truly native brand experiences.
Smartling is headquartered in NYC with over 100employees. For more information, visitwww.smartling.com.
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